Motel for Sale Waikato
Motel leasehold interest (business) for sale in a neat little town with character and its stylish restaurants and cafes. Ideal home and income for young couple.
Business for Sale Description
Motel for Sale Waikato
Motel with excellent location in little town with loads of Character and located at the base of the Coromandel Peninsula this is an ideal stopping off point as its near lots of tourism attractions and activities.
About the motel units: All the units at the motel are unexpectedly spacious, comfortable and welcoming. All have heat pumps and good wifi.
The motel units comprise:
6 x Standard Studio: The standard studio has a kitchenette and two beds, suitable for small families or business person and can sleep up to 3 adults. One is an accessible unit.
2 x Queen Studio: A unit suited for the sole business traveller or couple. These studio units have a full kitchen and can sleep up to 2 adults.
2 x One-bedroom unit: A perfect space for the family or professional colleagues travelling together. These spacious units can sleep up to 5 adults.
Motel owners accommodation: The owner enjoys a 3 bedroom/2 bathroom home plus office, reception, and double garage. There is also a lockup much appreciated by rail trail bikers to secure their rides.
The property presents in very good condition and the business is sound, with many regular guests and arrangements with local and visiting corporates.
Motel lease: The lease has 21 years to run and the rent is appropriate. Full financial disclosure is available to qualified purchasers.
There are several business growth opportunities:
The owner’s accommodation can easily be split into a 1 bedroom home, and a 2 bedroom self-contained apartment which could be let as a motel unit.
Bikers from the rail trail would no doubt appreciate the addition of a hot tub - there has previously been one and space is available.
Possible upside - business potential! But most significantly, the current owner does not use online travel agencies. Hooking up with booking.com etc would show immediate results. This is a huge potential upside.
Motel owners retire: Only the vendor’s retirement has made this business available. It is currently run by just one person, with assistance from a couple of on-call cleaners.
The motel would be ideal for a young couple looking for a home and business in a vibrant town with all services and real character. Come and see how to make this your personal gold mine!
Please contact me now.